Lindab's operations in Slovakia have around 50 employees and a turnover of approximately 100 MSEK and include production, warehousing and a sales organisation. The company's operations are mainly related to Profile Systems, but the ventilation business is also included in the divestment as it represents a minor part.

"The divestment of the company in Slovakia is an important step in the restructuring of the business in Eastern Europe," says Ola Ringdahl, President and CEO of Lindab. "Now we can fully focus on the ventilation business in those countries in the region with the potential for profitable growth."

The business is being taken over by a group of local investors with good knowledge of the market, including the current Managing Director of Lindab Slovakia, Slavomír Janík. 

"The new ownership group plans to continue with the same focus on the business as before, and we look forward to acting as a distributor for Lindab's products on the Czech and Slovak markets," says Slavomír Janík. "We want to assure all our customers and business partners that the continuity of our services and products in both markets will be fully maintained."

The divestment is expected to be finalised in the beginning of the second quarter of this year. The transaction will contribute positively to Lindab's cash flow upon completion.